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Takata swallows pride, files for bankruptcy. So, what's next?

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Takata logo (photo by Flickr user jo.schz)After months of hesitation, troubled Japanese supplier Takata finally filed for bankruptcy yesterday. The restructuring clears the way for Takata to be bought by one of its competitors, Michigan.-based Key Safety Systems. Will this be a turning point for Takata? That remains to be seen, but KSS clearly has its work cut out for it. Exploding airbag...

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